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Global Macro Update Archive

The Space Wars Are Here

August 18, 2023

The Space Wars Are Here

Dr. Pippa Malmgren brings intrigue and insight to every conversation. That’s why I’m thrilled to welcome her to Global Macro Update this week.

China’s Deadliest Export: Fentanyl

August 11, 2023

China’s Deadliest Export: Fentanyl

This week we learned that US trade with China is way down. But there’s one disturbing exception: fentanyl.

The Zombies Are Coming

August 4, 2023

The Zombies Are Coming

Zombie companies need cheap money to survive. Cheap money is a thing of the past, and casualties are piling up. Yellow trucking is the latest victim.

Who Benefits at the End of a Rate Hiking Cycle?

July 28, 2023

Who Benefits at the End of a Rate Hiking Cycle?

When inflation spiked last year, companies responded by raising their prices. As price pressures started to ease, companies opted to prioritize pricing over volume. It was a fairly broad-based trend.

How to Profit Like Pelosi—Get Elected

July 21, 2023

How to Profit Like Pelosi—Get Elected

Trust in elected officials has been in steady decline for decades. One reason is Americans feel the game is rigged against them. It’s hard to decide if members of Congress and other elected officials are self-serving or civil servants.

ESG: Trillions Squandered and Zero Progress

July 14, 2023

ESG: Trillions Squandered and Zero Progress

The envisioned benefits of ESG investing—owning companies that follow responsible environmental, social, and governance policies—have failed to materialize.

Qué Pasa, Markets?

June 30, 2023

Qué Pasa, Markets?

If you listen to the financial media, you’d think seven stocks are responsible for “the market’s” gain this year. But the charts are telling us otherwise.

Coping with a Higher Education Cost Spiral

June 16, 2023

Coping with a Higher Education Cost Spiral

The cost of college has risen so high that more than half of Americans no longer think a college education is “worth it.”

AI Is an Unstoppable Disruptive Trend That Will Affect All of Us

June 9, 2023

AI Is an Unstoppable Disruptive Trend That Will Affect All of Us

The release of ChatGPT late last year triggered a firestorm of debate about both the promise and dystopian risks of artificial intelligence (AI). Some have labeled it the Great AI Freak Out of 2023.

The US Must Overcome Its Four Addictions

June 2, 2023

The US Must Overcome Its Four Addictions

Any sense of normal will remain elusive until we address what Bruce describes as “addictions.”

Debt Debacle Costs $1 Billion per Day

May 26, 2023

Debt Debacle Costs $1 Billion per Day

We are finally hearing a resolution may be in sight for the debt ceiling, though I suspect this will drag out to Monday or even Tuesday. Why waste a good crisis, after all?

Seeking to Understand Energy, Macro, and More…

April 21, 2023

Seeking to Understand Energy, Macro, and More…

Do the days and weeks seem shorter to you lately? Maybe that’s an unkind feature of getting older. I have so much more I want to learn and understand, and not enough time to process it all. 

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